In Brief: Jul. 31, 2000

SENIOR SCAM The FTC has issued a consumer alert against unscrupulous organizations that prey on thousands of senior citizens. With names like Remington Estate Services, they use deceptive practices to pressure victims into setting up living trusts that in many cases are worthless. A living trust, as opposed to a will, allows heirs to avoid probate-court proceedings since the title is vested with a trustee rather than the individual. But they can be costly--$500 to several thousand dollars. Since most people have modest estates, living trusts are not always warranted.

RX BOOM This year's steady recovery by big drug companies, coupled...

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